4516 Spatz Ave, Fort Wayne, IN, 46806 | $120/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

4516 Spatz Ave, Fort Wayne, IN, 46806 | $120/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

4 Bed
2 Bath
2544 sft

6403 Old Trail Rd, Fort Wayne, IN, 46809

Currently Rented+ 2 more

4 Bed
2 Bath
1830 sft

735 Wilkerson St, Huntington, IN, 46750

3 Bed
2 Bath
1224 sft

5904 S Harrison St, Fort Wayne, IN, 46807

4 Bed
3 Bath
1792 sft

3337 E 1000 S #92, Roanoke, IN, 46783

Nearby investment properties with comparable prices

3 Bed
1 Bath
988 sft

702 N Melching Dr, Ossian, IN, 46777

4 Bed
2 Bath
1654 sft

541 W State St, Huntington, IN, 46750

3 Bed
1 Bath
1464 sft

553 S Briant St, Huntington, IN, 46750

3 Bed
2 Bath
1290 sft

731 Ogan Ave, Huntington, IN, 46750

Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

Explore more listings using simple english

Investment Highlights

Investment property for sale in Fort Wayne at 4516 Spatz Ave, Fort Wayne, IN, 46806 earns $120/mo cash flow from $960/mo rent with a $685/mo payment. Total monthly income totals $960/mo, and annual cash flow totals $1,438/yr on $46,410 capital. ROI tracks 23.01% on current figures, and rental yield reads 8.23% at a $140,000 purchase. Equity gained on principal adds $903/yr, and 5% annual appreciation supports $38,679 over five years. Five-year ROI reaches 119.22% and total cumulative return in cash sums $55,330. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $960/mo property income instead of your personal income.

Single Family

Built in 1947

4,791 sqft lot

$N/A/sqft

No HOA

More details about the property

Fully Updated Home with Modern Comforts! Step into this beautifully renovated 2-bedroom home featuring new finishes throughout such as vinyl flooring, plush carpeted bedrooms, and fresh paint inside and out. The kitchen has been completely updated with new cabinets, new appliances including a dishwasher and garbage disposal. Kitchen even features a pantry! The bathroom has had a total remodel complete with slick features and a contemporary design. There is a full unfinished basement that has been dry painted and provides plenty of storage room. 1.5 car detached garage has been fully drywalled. Home also features an adorable front covered porch as well as a spacious back patio. Additional updates are 90+ furnace with a/c, LED lighting throughout, ceiling fans, new water heater, and a durable metal roof.